CoinDesk 20 Index Surges 4.5% Led by AVAX and NEAR Gains

The CoinDesk 20 Index has experienced a notable surge, with all 20 assets within the index trading higher. The index is currently valued at 3347.55, reflecting a 4.5% increase, or a gain of 143.83 points, since 4 p.m. ET on Wednesday. This upward trend indicates a strong performance across the board, with no assets showing a decline.

The leaders in this rally are AVAX and NEAR, which have seen significant gains of 11.2% and 7.9% respectively. On the other hand, SUI and XRP are the laggards, with more modest increases of 2.4% and 2.5% respectively. Despite being the laggards, their positive performance still contributes to the overall upward movement of the index.

The CoinDesk 20 Index is a comprehensive benchmark that is traded on various platforms across multiple regions. Its broad-based nature allows it to capture the overall sentiment and performance of the digital asset market. The current performance of the index suggests a bullish trend, with investors showing confidence in the market's potential for growth.